Companies with Protected Data will look to Spend More on the Cloud

Companies with Protected Data will look to Spend More on the Cloud

We’re still a couple months away from the New Year, but now is the time when most security professionals are starting to forecast and project their budgets for 2015. A big portion of that budget is seemingly changing hands, according to a recent survey by IBM.

The survey enlisted 150 security chiefs and found that a central theme was the growth in spending on cloud services and cloud protection. This comes as no surprise when looking back at 2014; it seems like every week a new nationwide and/or worldwide company was getting hacked and having their cyber data compromised.

It is smart, therefore, for companies that have privatized data to start putting more money into protecting said data. The survey showed that a growing concern was the fluidity of securing the perimeter of an organization.

The security industry as a whole is expected to grow over the next few years, and a lot of money within the industry will most likely be spent on moving things into the cloud and then trying to protect those things from outside threats.

This goes for public and private sectors alike, where hackers are likely to try and go after any company that has payment information as well as other private data like phone numbers and addresses.

The thing to keep our eyes on is whether or not this money will be spent wisely. After all, if hackers continue to break through security systems next year, then why spend this extra money on something that doesn’t work like it should?

Posted by Matt Holden on Nov 05, 2014

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